How the Labouchere System Works
English politician Henry Labouchere developed the Labouchere system early in the nineteenth century. Being the avid roulette player that he was, Henry intended to use a technique specifically for the roulette game. Due to the betting system’s success in his roulette endeavors, it is now employed in several casino and sports betting games.
The Labouchere betting system, commonly referred to as the split Martingale or the cancellation strategy, is a negative progression system where players choose how much they wish to earn in advance. Simply put, the negative progression means that if you lose, you will increase your bet.
You can eventually make up for any losses if your betting increases and you have a sufficiently large bankroll.